Norfolk VA Multi Family for Sale
$2,350,000
1318 Little Bay Avenue Norfolk, VA 23503
- Type:
- Apartment Building
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1970
- Baths:
- MLS#:
- 10565235
- Subdivision:
- OCEAN VIEW
View additional info
Courtesy: Inlet Realty
757-276-3330
ADDITIONAL INFORMATION
1314-1318 Little Bay Avenue presents a rare opportunity to own a 20-unit, one-bedroom, one-bath multifamily property in sought-after Norfolk, VA. With six current vacancies, this property offers tremendous value-add potential, including separating water from rent, turning select units, adding laundry in the units, bringing existing rents to market rates, and filling all vacancies.The two buildings are in excellent condition, featuring newer roofs, windows, and well-maintained brick siding. Property has a common area laundry with coin operated machines. Baseboard heat and wall AC make for low maintenance costs. To maximize appeal, envision adding a mural to enhance its coastal charm and solidify its place in this sought-after community. Don'??t miss this chance to capitalize on a well-maintained property with exceptional upside!
- Type:
- Apartment Building
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1987
- Baths:
- 7.00
- MLS#:
- 10564639
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Courtesy: Neptune Associates
757-470-6666
ADDITIONAL INFORMATION
4 Units renovated and fully rented. Great cash flow!! Each unit is 2 br., 1 bth. 2 units have washer/dryer hookups. Currently fully rented. DO NOT disturb tenants. Showings to be done once under contract with notice to the tenants. All units managed through mgmt. company. Fully renovated in 2024 to include new bathrooms, kitchens, flooring, and appliances. Great location near bases, beaches, Ocean View Beach Park, and Ocean View Golf Course.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1989
- Baths:
- 14.00
- MLS#:
- 10564561
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Courtesy: CENTURY 21 Nachman Realty
757-480-2121
ADDITIONAL INFORMATION
Duplex with tenants
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1925
- Baths:
- 6.00
- MLS#:
- 10557882
- Subdivision:
- WILLOUGHBY BEACH
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Courtesy: Judy Boone Realty Inc.
757-587-2800
ADDITIONAL INFORMATION
Waterview quad-plex built in 1925 with four 900sqft units. Unit A is Vacant, call agent for cbs code. Unit A is recently remodeled with new electric heat pump, granite, ceramic and original hardwood floors. Ready for owner, tenant or possible STR or Airbnb. Located across from the Chesapeake Bay, Pier, Sarah Constant Park full of beautiful water oaks and natural dunes and neighboring Wiloughby Elementary School and rec area. A hidden gem just off interstate and modes of public transportation. Call Agent for rent details.
- Type:
- Single Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.05 Acres
- Year built:
- 1995
- Baths:
- MLS#:
- VANF2000060
- Subdivision:
- Willoughby Beach
ADDITIONAL INFORMATION
Beachfront duplex offers the ultimate Coastal Lifestyle. Walk out your back door and step directly onto the sand. Great for a homeowner or investors. This property provides the opportunity to live in one unit while renting out the other. Unit 1 features a spacious 1st floor with 2 bedrooms/2bath, water view, patio for outdoor entertaining, and a fully equipped 1/1 mother-in-law suite on the 2nd floor with a balcony. Unit 2 is a cozy 1/1 with gorgeous view, outdoor patio and full kitchen. Upgrades include newer roof 2022 & HVAC 2019, new compressor, new hurricane sliding glass door & windows (11 replaced) and a concrete shed for outside storage. Separate meters for water and electric. Potential for Airbnb and or Triplex
- Type:
- Apartment Building
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1953
- Baths:
- MLS#:
- 10554435
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Courtesy: Creed Realty
757-502-4070
ADDITIONAL INFORMATION
8 units on a large corner lot in Ocean View 2 blocks from beach access with dedicated parking. 4 units on each side. Downstairs is gutted and rough in complete. Upstairs units have been mostly completed with higher end finishes to include Pella Impervia Black Fiberglass windows, quartz counters, tiled in showers and gas stoves. All units are large 1 bed and 1 bath with minisplit systems. Huge fenced in back yard that can be utilized for common area entertainment area and additional storage. Separately metered gas and electric. Water paid by owner. All plumbing, mechanical, electrical, and building permits are up to date. Listing agent has estimate to complete rehab. Preferred cash or commercial line of credit. Target rents of $1300/mo. Can provide rental comps if needed.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1952
- Baths:
- 5.00
- MLS#:
- 10541735
- Subdivision:
- BAYVIEW BEACH
View additional info
Courtesy: Howard Hanna Real Estate Services
757-625-2580
ADDITIONAL INFORMATION
INVESTMENT OPPORTUNITY IN BAYVIEW BEACH SECTION OF OCEAN VIEW! This Triplex has three apartments seemingly disguised as a beautiful and sizable single-family home. Each unit is metered separately for all utilities. All currently occupied with good tenants, within minutes of both Norfolk Naval Base and JEB Little Creek. With two - one-bedroom apartments on first floor and one three-bedroom, 3 bath apartment on the 2nd floor. As a plus, there are four off-street designated parking spaces at the rear of the property. Separate bonus building behind property, houses laundry appliances for Apt 1 & 2. Manicured yards for outdoor activities, while enjoying life at the beach. Property has been well maintained and always occupied. Good Tenants! Good income! Prepaid home warranty until 1/8/2027 transferable to buyer! Seller also owns MLS # 10540033(1408 Monterey Ave.) and MLS#10540026 (1326 Monterey Ave.) willing to do a package deal for the right buyer.
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Norfolk Real Estate
The median home value in Norfolk, VA is $271,500. This is higher than the county median home value of $256,000. The national median home value is $338,100. The average price of homes sold in Norfolk, VA is $271,500. Approximately 40.06% of Norfolk homes are owned, compared to 51.95% rented, while 7.99% are vacant. Norfolk real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Norfolk real estate agent to arrange a tour today!
Norfolk, Virginia 23503 has a population of 238,556. Norfolk 23503 is more family-centric than the surrounding county with 26.78% of the households containing married families with children. The county average for households married with children is 25.35%.
The median household income in Norfolk, Virginia 23503 is $56,244. The median household income for the surrounding county is $56,244 compared to the national median of $69,021. The median age of people living in Norfolk 23503 is 30.9 years.
Norfolk Weather
The average high temperature in July is 88.2 degrees, with an average low temperature in January of 33.3 degrees. The average rainfall is approximately 47.3 inches per year, with 5.1 inches of snow per year.